Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

• Sales are budgeted at $370,000 for November, $350,000 for December, and $340,000 for January.
• Collections are expected to be 55% in the month of sale and 45% in the month following the sale.
• The cost of goods sold is 70% of sales.
• The company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
• Other monthly expenses to be paid in cash are $24,300.
• Monthly depreciation is $15,300.
• Ignore taxes

Balance Sheet
October 31
Assets
Cash	$ 20,300
Accounts receivable	70,300
Merchandise inventory	155,400
Property, plant and equipment, net of $572,300 accumulated depreciation	1,094,300
Total assets	$ 1,340,300
Liabilities and Stockholders' Equity
Accounts payable	$ 254,300
Common stock	820,300
Retained earnings	265,700
Total liabilities and stockholders' equity	$ 1,340,300

The cost of December merchandise purchases would be: